2 ms·
Yeah my point was NY does have much rent control. From the passage of the Rent Regulation Reform Act of 1997 to the Rent Act of 2011, rent stabilization was re
by ransom1538 9y ago
Yeah my point was NY does have much rent control.
From the passage of the Rent Regulation Reform Act of 1997 to the Rent Act of 2011, rent stabilization was restricted to apartments where the legal, or stabilized, rent was under $2,000 per month. The 2011 law raised that to $2,500. The unit could be deregulated once the rent went above $2,000 under the 1997 law, $2,500 under the 2011 Act, and is either vacant or the household adjusted gross income was over $175,000 under the 1997 act or is $200,000 under the 2011 law, for two consecutive years.[1
- deleted 9y ago[deleted]